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Three-Story Mixed-Use Apartment Building
For Sale
$4,900,000

797 E Market Street, Akron, OH 44305

SINGLE_FAMILY - Akron, OH

Property Size66,000 SF
Lot Size1.63 Acres
Price / SF$74.24
Days on Market97

Property Features for 797 E Market Street

General Information

Property type Residential
Property subtype Retail
Zoning description Commercial
Rooms Laundry Room
Parking features Garage, Guest
Fencing Privacy
Elementary school district Akron CSD - 7701
Middle school district Akron CSD - 7701
High school district Akron CSD - 7701
Directions 8 North or South to 18
Standard status Active
APN 6764330
Lot size 1.63 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description TR 8 LOT 3 N OF MKT ST .660A TXBL PCL 6701071
Tax Annual Amount 41819
Legal Description TR 8 LOT 3 N OF MKT ST .660A TXBL PCL 6701071

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Central Air
Water source Public

Amenities

business center
exercise room
club lounges
pool table
private event spaces
onsite laundry
security system
fire system

Building Details

Year built 1965
Roof type Flat
Listing Agency: RE/MAX Crossroads Properties · RE/MAX International
Listed By: Jessica Nader · License #2019004118
Added: May 5 Changed: Aug 1 Last Checked: Aug 9 at 8:06AM
MLS# 5207316

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The 797 Building is a three-story mixed-use apartment building featuring 40 one- and two-bedroom apartment residences and a restaurant anchor. The property totals 66,000+ SF and was built in 1965. Extensive renovations were completed between 2019 and 2020, including residential unit updates, energy-efficient mini-split heating and cooling, and significant upgrades to all common areas.

The building includes additional hospitality and amenity-focused spaces, such as a members-only Coat Room Lounge and first-floor Screen Suites. Common-area amenities include a business center, exercise room, multiple club lounges with workspaces, a pool table, and private event spaces. Operational features include onsite laundry services, full security and fire systems, and multiple elevators.

On-site parking is available with off-street spaces for 84 vehicles. Utilities and infrastructure include public water and public sewer service, with natural gas forced air heating and central air cooling. The building roof is flat.

Key Highlights

  • 66,000+ SF three‑story mixed‑use apartment building
  • 40 one- and two‑bedroom apartment residences
  • Renovated between 2019 and 2020, including mini‑split heating and cooling

Property Analytics

Current Use

The 797 Building Hotel Alexander Pierce Restaurant Restaurant Screen Suites Restaurant Coat Room Lounge Bar & Pub Colehouse Designs Marketing & Advertising

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Restaurant Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

40
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

226
Businesses Nearby

Demographics for 44305, OH

21,214
Population
10,230
Households
2.1
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,166
Density / Sq Mi
$55,909
Median Household Income
$37,409
Median Earnings
$974
Median Rent
$89,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story mixed-use building in Akron’s East Market Corridor with 40 apartment residences, extensive 2019–2020 renovations, and off-street parking.
Where is this apartment building located?
The property is located at 797 E Market Street Akron, OH.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 66,000+ SF three‑story mixed‑use apartment building; 40 one- and two‑bedroom apartment residences; Renovated between 2019 and 2020, including mini‑split heating and cooling
More about this property
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